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Bank of Montreal (NYSE:BMO)
Cash from Financing
$-983 Mil (TTM As of Jul. 2014)

Cash from financing is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders.

For the three months ended in Jul. 2014, Bank of Montreal received $34 Mil more from issuing new shares than it paid to buy back shares. It spent $8 Mil paying down its debt. It received $389 Mil more from issuing preferred shares than it paid to buy back preferred shares. It spent $455 Mil paying cash dividends to shareholders. It spent $8 Mil on other financial activities. In all, Bank of Montreal spent $48 Mil on financial activities for the three months ended in Jul. 2014.


Definition

This is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders. In the calculation of free cash flow, cash from financing is not calculated because it is not related to operating activities.

Bank of Montreal's Cash from Financing for the fiscal year that ended in Oct. 2013 is calculated as:

Cash from Financing(A: Oct. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-527.168732126+-1290.75309819+-190.657769304+-1877.0257388+-720.686367969
=-4,606

Bank of Montreal's Cash from Financing for the quarter that ended in Jul. 2014 is

Cash from Financing(Q: Jul. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=33.8517840805+-8.23421774931+388.838060384+-454.711802379+-8.23421774931
=-48

Bank of Montreal Cash Flow from Financing for the trailing twelve months (TTM) ended in Jul. 2014 was -804.575786463 (Oct. 2013 ) + 0 (Jan. 2014 ) + -129.476584022 (Apr. 2014 ) + -48.4903934126 (Jul. 2014 ) = $-983 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Cash from financing contains five items:

1. Net Issuance of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. If this number is positive, it means that the company has received more cash from issuing shares than it has paid to buy back shares. If this number is negative, it means that company has paid more cash to buy back shares than it has received for issuing shares.

Bank of Montreal's net issuance of stock for the three months ended in Jul. 2014 was $34 Mil. Bank of Montreal received $34 Mil more from issuing new shares than it paid to buy back shares.

2. Net Issuance of Debt:
Net issuance of debt is the cash a company received or spent through debt related activities such as debt issuance or debt repayment. If a company pays down its debt during the period, this number will be negative. If a company issued more debt, it receives cash and this number is positive.

Bank of Montreal's net issuance of debt for the three months ended in Jul. 2014 was $-8 Mil. Bank of Montreal spent $8 Mil paying down its debt.

3. Net Issuance of Preferred:
A company may raise cash from issuing new preferred shares. It can also use cash to buy back preferred shares. If this number is positive, it means that the company has received more cash from issuing preferred shares than it has paid to buy back preferred shares. If this number is negative, it means that company has paid more cash to buy back preferred shares than it has received for issuing preferred shares.

Bank of Montreal's net issuance of preferred for the three months ended in Jul. 2014 was $389 Mil. Bank of Montreal received $389 Mil more from issuing preferred shares than it paid to buy back preferred shares.

4. Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Bank of Montreal's cash flow for dividends for the three months ended in Jul. 2014 was $-455 Mil. Bank of Montreal spent $455 Mil paying cash dividends to shareholders.

5. Other Financing:
Money spent or earned by company from other financial activities.

Bank of Montreal's other financing for the three months ended in Jul. 2014 was $-8 Mil. Bank of Montreal spent $8 Mil on other financial activities.


Related Terms

Cash Flow from Operations, Cash Flow from Investing, Net Issuance of Stock, Net Issuance of Debt, Dividends, Net Issuance of Preferred


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Bank of Montreal Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
Net Issuance of Stock 210-146-104-28914999619212688-527
Net Issuance of Debt -7826,3788,41013,826-8,409-239-5031,463401-1,291
Net Issuance of Preferred -334006204525430283-397-191
Dividends -693-808-1,024-1,444-1,218-1,239-1,160-1,692-1,496-1,877
Other Financing 2,58617,67711,45746,891514-12122,820-367-639-721
Cash from Financing 98723,10118,73859,605-8,512-5921,348-186-2,043-4,606

Bank of Montreal Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
Net Issuance of Stock 18123534-231-220-11603534
Net Issuance of Debt 0-1,2100-1,3410817900-8
Net Issuance of Preferred -392000-196000315389
Dividends -335-353-333-492-462-469-4890-476-455
Other Financing -32024-357-187-359-0-3780-4-8
Cash from Financing -1,029-1,526-655-1,986-1,248-681-8050-129-48
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